Wage inceases
- Thread starter 79eer
- Start date
Do not believe it is conservative or liberal, but simply supply and demand in a free market economy.
Already fully employed and deficit expected to reach 800B next year and 1.1T in 2020.
It's going to take a lot more to balance the budget, and that shouldn't be a struggle in a booming economy. Both sides of the aisle need to make concessions in order to get spending under control. I'm not hopeful they'll do it though. Those are difficult and generally unpopular decisions that adults need to make. Neither side has a majority of adults.
Biff doesn't like to deliver bad news, in fact he hides it. He's sitting on an EPA report about toxic drinking water (PFAS). Should have been made public months ago.
Hopefully it doesn't double like it did under Obama, with no complaints by liberals.
And until the parties get serious about Entitlements... it will never get better. Until we get serious about them we can forget about ever getting the debt under control.
Ummmm.... you know... deep down... that's ******** right? Even under great economies we run deficits.
Oh boy...There's a HUGE reason we have a budget deficit. We have a massive spending problem.
Most (around 65%) is spent on entitlements...and progressive liberals want more. They can't get enough people on government dependency. Even spending billions on illegal immigrants....You say there is no reason? LMAO!!
Anytime someone points to the biggest problem, progressive liberals scream bloody murder.
You are probably very liberal in your thought process. Are you really suggesting the government can spend us out of economic downturn? That is something to keep in mind for the next slow down.
Why is that crazy spin? In a bad economy more people get government assistance: unemployment, food stamps, etc. Tax receipts are down because fewer people are paying into the system, and corporate taxes are lower off lower profits. That completely discounts other government spending done to try to spur the economy a bit. We are in a boom. We should be in the black right now, not rivaling deficits while the economy was in the dumpster while we were highly involved in 2 theaters of war.
That 65% includes social security and medicare. Those aren't really entitlements in the traditional sense. You pay into those now. I agree those need reform as well, but good luck pulling that off. Old people vote in droves. Politicians know that.
GWB was fighting in the same two wars, and he had deficit down to $400 B and a downward trend.. Obama increased spending for economic boost unfortunately he never proposed a budget with lower sending. Would think spending would be curbed a little after economy turned. He continued operating on CR instead of doing a budget. Why? There was $1.4T locked into 2009 biudget.
Seeing how we can hardly cover our own bills, the American taxpayers shouldn't really be paying for illegal immigrants' healthcare, college, lawyer fees...etc. Let's pay our own bills and see what's left.
I find it not only amusing but quite disingenuous how you folks on the Left are now complaing about deficits after 8 years of the highest deficits in history. Then to a man your party voted against the tax cuts which have both expanded economic activity and increased revenues to the treasury while you reject virtually any proposals to cut non essential or discretionary spending to reduce the runway deficits!
Tracking with you folks on the Left is like herding cats.
Last edited:
The Mack Penny Plan which has been sitting around Congress for the past few Cycles would reduce deficits by a simple formula.
Cut one penny off of every dollar that is spent in discretionary non-entitlement funds and with the assumed growth we are now experiencing the deficit would disappear in less than 10 years!
I'll give you two guesses who its major opponents are?
Unfortunately you've lost all credibility with me discussing the budget so I'm not posting with you on this topic.
The following statement is 100% correct.
"Deficits decreased under Obama. Debt increased."
Massive reforms are needed to both save the fiscal solvency of the programs as well as reduce deficit spending.
Which party automatically opposes entitlement reforms?
Supported by the same folks now whinning about deficits.
The following is also true:
Obama accumulated more deficit driven debt during his 8 years in Office than ALL previous US Presidents before him in history
COMBINED!
He was NOT a deficit hawk despite you Leftist's recent attempts at history revisionism.